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The Australian CAD fueled lifestyle is funded by countries that run surpluses Chilli and HE. But boring macro fundamentals are just going to have this thread going around and around and around.....

It will be interesting to see what the topics amongst the economic and govt elites become over the next 5 years. In August, the RBA mentioned for the first time there is a risk of a property bubble and deflation. I note they are also mentioning the term external shock more. But I should...

Then why are we paying them an extra couple of % to attract their money? And by that reasoning, we can keep running CADs and building NFD ad infinitum. In fact, by that reasoning we can keep building NFD with CAD after CAD until the foreign interest bill leaves nothing for us to spend on...

Yes Chilli, it would be naive of anyone to think what is happening in China or our national accounts has any bearing over interest rates or Australian property prices. Much better if we just stick our heads in a hole. And that nasty GFC thing? We are better if we just ignore it cos that...

That's right HE, you don't see.

Pete, are my views as uber bearish over a 1 yr time frame as a 40 year time frame? I've come to accept that the majority of forumites care little beyond their own investments and their own investment timeline. Self interest rules the day, and that's why many forumites interpret data that goes...

Yes, let's keep in perspective that we run CADs and have growing a NFD, and we prefer to invest in resi property rather than in the profits of our own commodity extraction.

Definitely agree it is better not to be a permabull or permabear.

If you are only interested in current impacts Shadow, that's a pretty short timeline you have, and not of much benefit to investors trying to allocate their capital where it might be most needed for future requirements. Futher Shadow, why not explain how these factors will positively impact...

So true Boz. You'd have to think many property investors let self interest as dictated by their particular time line and portfolio, bias what they think are meaningful fundamentals. A young fella with a longer time horizon, who read their views, might be seriously led astray.

if you want to discuss bias Keith, start a new thread rather then try and hijack this one.

How much future tax revenue expenditure did we bring forward, compared to comparable countries? How many FHBs will there be next year?

Really? which other 'comparable country' was able to sell as many commodities to China throughout the GFC? Why have we had 5 consecutive quarters of negative gdp per capita growth?

and what was causing inflation? higher oil price, bananas, rents, cost of credit, pharmaceuticals.....sure, let's put rates up to bring down the cost of credit and rent, and make people consume less petrol and pills. :rolleyes: if they hadn't got it stupendously wrong, then thousands wouldn't...

I disagree Bill. The self appointed elites like the RBA, Treasury, Big 4, who failed to see the GFC coming, eroded the media's and Joe Average's confidence enough to have the media seeking out alternative experts. You have to blame the elites who got it so stupendously wrong for the...

They had no choice once global credit froze. My issue is with their ignorance and arrogance prior to the credit freeze. Though it is interesting that for many months now, we have the RBA jawboning that fundamentals are so good now, that rates have to go up. And yet, we have the Fed Govt still...

It is interesting that Keen bashers haven't slammed the RBA for not having a pig's clue that there was a GFC coming, or how it would impact Australia. In fact, the esteemed RBA heads didn't begin lowering rates until September 08. In the mean time, they were arrogantly reassuring that all was...

Does anyone else think I am trying to hijack this thread?

which changed our reliance on wholesale foreign funding by how much?

Which course is this Shadow, the one of sub 6% interest rates, or the one of above 8% interest rates?